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2oosossss (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. fart 3500), as they might be amended from time tc time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. 11t) "Successor in Interest of Borrower" means any party that has taken title to the 1'raperty, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PRDPERTY '1"he beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MFRS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the county of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] TH8 EASTERLY FORTY (40) FEET OF LOT THREE (3) IN BLOCK SIXT88N (16) IN THE ORIGINAL TOWN NOW CITY OF GRAND ISLAND HALL COUNTY N88RASKA. "PURCHASB MONEY" Parcel ID Number: which currently has the address of 315 W GTH ST [Street] Grand Island [City] ,Nebraska 68801 [Zip Code] ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MIRS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any ar all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 8800707248 8800707248 NSBRASKA -Single Family -Fannie MaelFreddfe Mao UNIFORM INSTRUM~TIT WITH MFRS ~~~...~~~,,,///~~~ ~-BA(NS) (0810) Page 3 01 15 INpels: ~/~r' , Form 3028 1 /~1 ® V